Connexa Sports Technologies Inc. (YYAI) AI Stock Analysis
YYAI AI stock analysis summary
AI ResearchConnexa Sports Technologies Inc. (YYAI) develops sports training equipment and software, including the Slinger Launcher and Gameface AI. In FY2026, revenue increased 101.3% to $25.8M, but the company recorded net income of -$17.6M with a gross margin of -4.5%. For the trailing twelve months ended July 31, 2026, total revenue reached $44.1M alongside an operating margin of -1.4%.
- Market cap
- $3.2M
- Revenue (TTM)
- $44.1M
- P/E
- —
- 1Y return
- — S&P 500 16.8%
- Avg. target
- —
Bull case
- Connexa grew annual revenue by 101.3% to $25.8M in FY2026, following a 146.7% expansion to $12.8M in FY2025.
- Trailing twelve-month revenue reached $44.1M, supported by a 608.1% year-over-year quarterly revenue increase for the period ended July 31, 2026.
- The business delivered a 5-year revenue compound annual growth rate of 19.0% from FY2021 through FY2026.
Bear case
- Connexa recorded a gross margin of -4.5% and net income of -$17.6M in FY2026.
- Liquidity remains strained with a current ratio of 0.58 as of July 31, 2026, and free cash flow of -$20.9M in FY2026.
- Shareholders experienced heavy dilution as the share count expanded 933.3% over a 5-year period.
What Connexa Sports Technologies does
Connexa Sports Technologies Inc., formerly known as Slinger Bag Inc., specializes in sports technology solutions across watch, play, and learn activities. Headquartered in Windsor Mill, Maryland, the company produces the Slinger Launcher, a portable device designed for padel tennis and pickleball training. Connexa also offers Gameface AI, a performance analytics software platform that provides athletes and coaches with detailed insights to optimize training sessions and evaluate gameplay across multiple sports disciplines.
Growth and profitability
Connexa experienced significant top-line volatility, with revenue declining 38.4% in FY2023 to $9.9M and 47.6% in FY2024 to $5.2M, before rebounding 146.7% to $12.8M in FY2025 and 101.3% to $25.8M in FY2026. Gross margin shifted from 76.8% in FY2025 to -4.5% in FY2026, while operating margin fell from 51.3% to -41.2%. Consequently, net income shifted from $3.5M in FY2025 to -$17.6M in FY2026. For the trailing twelve months, revenue reached $44.1M with a profit margin of -43.0% and EPS of -$746.36. In the latest quarter ended July 31, 2026, quarterly revenue grew 608.1% year-over-year, while quarterly earnings growth was -99.9%.
Balance sheet and cash flow
As of the quarter ended July 31, 2026, Connexa held $11.1M in cash and short-term investments, against total assets of $257.9M and shareholders' equity of $170.1M. The company recorded a current ratio of 0.58. In FY2026, both operating cash flow and free cash flow were -$20.9M, worsening from -$379,384 in FY2025. Additionally, the company's share count increased 933.3% over a 5-year period.
Valuation and performance
Connexa Sports Technologies trades at a market capitalization of $3.2M and an enterprise value of -$12.1M. Its price-to-sales ratio sits at 0.1x, compared to a median of 2.8x for its US-listed Technology peers. The company has an EV-to-EBITDA multiple of 0.0x, below the peer median of 16.6x. Connexa closed at $0.69 on October 16, 2026, between its 52-week low of $0.66 and 52-week high of $1.72, with a beta of 0.98. Over the same period, the S&P 500 posted returns of 16.8% over one year and 83.0% over five years.
What analysts expect
Connexa Sports Technologies closed at $0.69 on October 16, 2026, with an enterprise value of -$12.1M and a market cap of $3.2M. The company does not have published analyst recommendations, consensus price targets, or forward earnings per share estimates available. For the trailing twelve months ended July 31, 2026, Connexa recorded EPS of -$746.36, while quarterly earnings growth was -99.9% year-over-year.
Key risks and what to watch
- Free cash flow of -$20.9M in FY2026 against cash and short-term investments of $11.1M indicates ongoing cash burn pressures.
- A current ratio of 0.58 shows that short-term obligations exceed liquid assets.
- A trailing twelve months profit margin of -43.0% underscores sustained operating deficits.
- Substantial share count growth of 933.3% over 5 years highlights the risk of continuing equity dilution.
AI-generated research summary. Written with AI from Quotelinks data as of October 16, 2026 and checked so every figure matches that data. For information only, not investment advice. Disclaimer
About this YYAI AI stock analysis
This page is an AI-written research summary of Connexa Sports Technologies Inc. (YYAI). The text was generated on October 30, 2026 from Quotelinks data as of October 16, 2026 (company profile, annual results, latest balance sheet, valuation, price performance and analyst estimates). An automatic check rejects any draft that contains a figure not found in that data. It is not investment advice; verify figures on the linked tabs before making decisions.
Related: YYAI income statement, YYAI balance sheet, YYAI key metrics, YYAI chart. See the YYAI stock overview for the latest quote and news.
YYAI AI stock analysis FAQ
What does Connexa Sports Technologies Inc. do?
Connexa Sports Technologies Inc. develops sports technology equipment and software. Its key products include the Slinger Launcher for padel and pickleball training, and Gameface AI for athletic performance analytics.
What is Connexa Sports Technologies' current financial position?
As of July 31, 2026, Connexa held $11.1M in cash and short-term investments with total assets of $257.9M. Its current ratio stood at 0.58, and it generated free cash flow of -$20.9M in FY2026.
Does Connexa Sports Technologies pay a dividend?
Connexa Sports Technologies does not pay a dividend.
How did Connexa perform financially in FY2026?
In FY2026, revenue grew 101.3% to $25.8M. However, net income fell to -$17.6M and gross margin dropped to -4.5%.
What is Connexa Sports Technologies' valuation relative to peers?
Connexa trades at a price-to-sales ratio of 0.1x and an EV-to-EBITDA multiple of 0.0x, compared to US-listed Technology peer medians of 2.8x and 16.6x, respectively.